dagen: i am dagen mcdowell. connell: good morning. i am connell mcshane. some disappointing numbers in the march private payroll. dagen: you get what you are paid for, or do you? the idea that we should pay lawmakers in washington more. connell: three confirmed deaths in china with this new strain of the bird flu. dagen: your television watching habits can be determined whether or not you have a college degree. those stories and so much more coming up on "markets now." ♪ connell: you are saying your education level is key. dagen: i consume more about television than anybody in new

york city. connell: writes. you are up there. dagen: top of the hour. time for stocks now. nicole petallides. nicole: i've watched a lot of news, but i also bought a lot of "i love lucy." both the s&p and dow jones have high closes. the s&p five and the worst of the three. down about a half of a percent. caterpillar, obviously some concerns there. connell: thank you. adp private reports, the private letter adding below estimate

jobs last quarter. thank you for coming on. your perspective is what? we always pay close attention. >> warning. a couple things i take from it. adp report is not that reliable of an indicator for friday's report. in the and, what we really care about is friday's report. we knew at that on top of the report we got on monday, including a four-point drop in the employment index and you start to get the feeling of the spring slowdown starting to come back, certainly it will worry the markets. connell: that is where the debate has been. i am going to let you pick up on that point. i know we are pulling back today a bit.

you think the pattern is trying to repeat it self. is there a bond bubble that will burst? there are all these theories out there. what is yours? >> things we are talking about. i do think we will see a bit of a slowdown. we expect to see 3% growth in the first quarter. i think that will be hard to sustain going forward. there are two things to pay an account. the stock market is responding to the and also to corporate profits. the bond market is responding more to what is happening in europe again. they have recall fuld and you start to see treasury yields based on what is happening in europe. it perpetuates the fact i will keep buying bonds.

connell: give us a rest of the outlook, just for the financial markets. your case for the rest of the year is basically what? >> there are two big things that will happen. the italian elections and the german elections. that to me it will dictate what happens in the bond market. on stocks-- connell: continued to see the strength on the bond market. maybe the fed cannot manage getting out of the markets. thank you very much. thanks a lot.

>> thank you. dagen: the average number of congress makes $174,000 a year while the median household income is about $50,000. some argue higher salaries, more pay would bring better leadership. connell: we have a former director at bain capital with us in studio. we have a lot of jokes we take. the serious argument is, you get what you pay for. if you pay them salaries of top executives thought maybe you would have a better apartment. >> would it really make a difference to what we see congress? i am not sure it would. look at rich congressman versus poor. would it make a difference? i do not think we would see much

of a difference at all. dagen: how do we even better if we are getting our money's worth? how do you measure performance? >> i am not sure how you measure performance. there is a big philosophical divide in the country. at any level of k, at the highest level of economics, that divide exists. is the other side able to call if you will, for saul one side doing damage that the other may see. connell: we are in this era of big data where we try to measure literally everything. for the congress as a whole, there is no metric. functionality if the country gets downgraded by s&p.

>> how would you describe the president's performance. if you are on the left, you would think he is doing a great job. if you are on the right anything lower spending is what makes a difference in the economy -- connell: economic metrics, i guess. >> making an argument he does not control it. if he does not control unemployment, delivering more benefits to the unemployed maybe what you favor if you are on the left. dagen: this is not quantitative, but just, you talk to your average constituent and it used to be how much money any lawmaker brought into the community through handouts. whether it was earmarks, rants, that flies in the face of wanting to do is the budget

deficit. >> you go back to the 1960s and government spending is about 28% of gdp. today is about 40%. dagen: there are people that i know that our archconservative and they are like, look at downtown. it got refurbished through this government grant. >> as long as there is money to be handed out, you will try to get your fair share of it. the way you get tax reduction and that system is to try to get more government spending shifted your direction. everybody is fighting for a subsidy. that is what happens when you get government spending up to 40% of gdp. connell: everyone has always said we cannot get good people

or the right people to run for office. it is not about money. it does not really ever come down to money, in terms of how much salary you get. >> the life of a congressman is very different. a lot of them are living out of their offices. they do go off to think tanks quickly. the ones that are the brightest and most capable. they may stay longer in congress, but i do not dig it would change the decision making process. what difference does ache? both of them will have points of view. therefore what about congressional staffers? would you pay them more? >> yes. i think i would. you do not want a bunch junior guys in the staff position.

they do not know how to evaluate the information coming from think tanks. i do think it would be a better place to spend the money. connell: it is a good talk. dagen: thank you very much. take care. connell: a new strain of the bird flu has claimed three lives over in china. we will talk about it. dagen: the white house wants to make it easier to get a mortgage. sound familiar? connell: how much television you watch can be determined by how long you stayed in school. we will look at that. some new numbers. first, a look at the oil markets today. oil is down. we will be right back. ♪ ♪

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♪ dagen: time to make money with, who, charles payne. charles: triple the mexican grill. over the last several months, the stock fell 170 points from its 52 week high. two quarters in a row they missed the strip. the stock was ahead of itself. i think it is looking pretty good now. beginning to edge up a little bit. this is one of those names. it is not at a 52 week high. i think it is oversold.

it is one i think people should consider. connell: simple math. charles: the family likes it a lot more than i do. i like that toggle from taco bell. that is apples and oranges. dagen: that is the competition right there. charles: it seems like there is wealthier more educated people that eat at chipolte. connell: if you stay in school longer, it tells you what kind of tv you will watch. charles: you will watch pbs instead of espn? connell: i guess. dagen: or you watch more tv. charles: now you have definitely

piqued my curiosity. dagen: job is done. let's get out of here. connell: let's go to nicole pack nicole: let's start off with zynga. the potential for online gaming. we are seeing it jumped 14% right now. with this move that they may launch online gaming in the next few weeks, they have a buy rating and a four dollar price target. jcpenney. they certainly are one to watch. there is a five-year chart. this was an $85 stock back in 2007. shareholders are beside themselves watching what ron

johnson has done with the company. they will cut his pay almost 97% to $1.9 million. they cut his pay 97% to $1.9 million. back to you. connell: thank you. dagen: microsoft chief in new york city to help push the big-money move of an nba team. connell: isn't this what got us into trouble in the first place? the president wants easier lending standards for home mortgages. let's take a look at currencies today. ♪

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♪ >> at 21 minutes past the hour, i have your fox news minute.

tensions are escalating after north korea barred thousands of workers from entering a work zone. chuck hagel is calling north korea's ambitions a growing threat. ballasted missiles restrained. this is the first israeli retaliation since the november cease-fire. no injuries were reported. israel will not tolerate rocket attacks. rutgers has fired men's basketball coach, mike rice. there was a video showing him verbally and physically abusing several players. those are your headlines. back to dagen and connell. connell: this is a pretty big

deal. you can get your earnings reports on twitter from now on. dagen: shibani joshi has more on this story. shibani: we have been using twitter for years. it was not until late yesterday that the sec ab knowledged all the platforms as sources. after months of looking at the issue, a sickly since december of last year, the sec has now given the okay for companies to use social media as a platform what the sec was concerned about was one set of shareholders should not be up to get a jump on other shareholders just because the company is disclosing important information. the agency took up the issue as i mentioned, in december when

reed hastings tweeted out some news about a billion streams hours that the company was able to reach. he disclose this on his bare feet. with this decision, the sec has completely changed its stance. they are all legitimate ways of getting information out. no charges were brought up against reed hastings. you know, sec getting on board with what we have known all along. people are sharing information on twitter and facebook. connell: shibani, thank you very much for that.

representatives from seattle and new york are here today. the group from seattle includes steve ballmer, the microsoft ceo. the mayor of the city. the fate of the kings will be decided by the board of governors in a few weeks. dagen: the owners of the palms casino in las vegas. tv viewership. if you have a college degree, you probably are not watching much tv in the morning. according to a new study, household run by college graduates watch just the eight minutes of morning television versus an hour and 15 minutes.

connell: what does it mean for us bush and mark. dagen: i do not know. an awful lot of hedge fund managers and workers that live in the new york area listen and watch imus. you start in front of the tv and then you listen in the car. connell: we will look at tells new hybrid device with our friend walt mossberg. he has some thoughts about this. unfortunately, while some negativity. dagen: making it easier to get a mortgage. the white house wants a warmer touch. isn't that what got us into trouble just a few years ago?

losers and winners on the s&p today. ♪

dagen: a new strain of bird flu claiming three lives in china. make it easier to get a mortgage. the president wants to, well, loosen lending problems in this country.

connell: we will talk to while in a moment. time for nicole first. nicole: it has not come to fruition like we had talked about. that takes away the speculation that there was talk that maybe verizon and at&t together would make a phone. we continue to watch that. now there are talks whether there will be a wireless joint venture. citigroup said it would be a very surprising move if that were to that happen. that is something we will continue to watch. coming back about 4%. back to you. dagen: thank you, nicole.

connell: dell is now the latest to try its hand at a convertible device. walt mossberg is not completely sold on the idea. dagen: here with this week's all things digital is walt mossberg. one of my favorite things you have ever written, i think it was a samsung phone, you called it a chunky brick. i always think of that. >> hi guys. i think is important. i do not want to single out dell. yes, i was reviewing dell this morning. i think there is a problem with all of these things that are trying to be two things and one.

we all know what a tablet is. it has to be right. you have to be able to carry it around. it has to have good battery life. these devices wind up being a fake heavy tablet. you are just not going to use them for long periods of time. connell: these are the tablets that existed before the ipad. they were big, clunky laptops. i just wonder why, and maybe the companies have market research that shows this, that there is demand for this. if you wanted to have it, you would just get a keyboard attachment or you would buy a laptop. is there demand? >> i am an expert on the demand. it does not look like there is a

lot of demand for these things. i think that is a good question. it stems from the design of windows eight itself. instead of, you know, treating it separately or treating it as part of their phone efforts, they emerged it in with regular windows when you buy a windows hpc, you get this thing called a start screen. the hardware guys are trying to, you know, there are two things in the operating system geared let's see if we can make the hardware to two different things. dagen: we teased the battery life in this. that is a critical part of the testing you do. this one was for. >> about 3.5 hours on my

particularly harsh test. it is not very good. it is particularly poor if you are thinking of it as a tablet. i do want to praise dell for something. the way they have done some more things mechanism, which is to have the screen flip around within the rim of the lid is very clever and is better than a lot of the other guys ways of doing hinges and twisting around. i think they have some good industrial design. if they could figure out a way to make this thing thinner and lighter overall and have better battery life, somebody will be the first one to do this right and maybe they will be. dagen: this dell tice is thicker and heavier than even the

largest map book air. >> yes. there are hidden things in the hinge that make this flip screen work. i believe that dell is working on this. i believe everyone else is working on it. there is another class of these where the screen kind of detaches. that gives you a grant opportunity to have a regular pen tablet. we will see. so far, i do not think anyone has gotten these convertibles as opposed to these attachable's quite right. connell: walt mossberg, thank you, as always for i will forever remember that. that was like two years ago, i think. it was great to do. thank you. the newest earth flew -- the

newest bird flu threat has claimed three lives in china. connell: judge napolitano is coming up next. a movie we have seen before. we will talk about it coming up. 183 on a ten year note. we are still below 2%. much more still to come. ♪ we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer,

one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪

♪ >> i am lori rothman with your fox business brief. matthew taylor surrendering to fbi agents this morning. his lawyer telling fox business that he has accepted responsibility for his conduct and looks forward to the opportunity to put this behind him. prices rose in february. they rose more than 10% from this time last year. samoa air, the first airline to charge passengers of thing to what they weigh.

they make sure that you do not save about your weight. liz claman speeds with teflon founder. for right now, that is the latest from the fox business network. giving you the power to prosper. ♪ and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over thlast two years. and 17 straight months of job growth. with the most private sector jobs ever. lower taxes, new incentives, new jobs, now that's news. to grow or start your business in the new new york visit thenewny.com

connell: the white house is pushing to ease lending standards and make housing more available. dagen: judge andrew napolitano is here. what does he think about all of this? judge, how can it be western mark say it isn't so. >> the government is not only ignorant of economics 101, it is ignorant of its most recent

past. lenders were encouraged to lend money to those that were on credit worthy because the government would fight the loan or they could package it and sell it. when there became no market for this, the bottom fell out of the market. that cost the american taxpayer billions. it cost human beings who lost their homes untold anguish. here we go again. the very same government that perpetrated this the last time, the now government new york, andrew cuomo, when hud bought 250,000 mortgages from private lenders because the people to whom they had loaned the money could not afford to pay them. connell: may be the most open free market person. we talk about this all the time. if you think about it

theoretically, you are almost advocating a position where the government has to have more control or more regulation. if it was set up the right way-- >> i am arguing for a position where the government has no role. without the government incentive to lend money to whoever you want, you will make your fees, you will make your points and then the loaned to us. without that security blanket, the banks would only have loaned money to those that were truly credit worthy. dagen: we own, as taxpayers, fannie and freddie. we touch, as a nation, 90%.

there is no free market. >> you are right and we shun it. this is not a role of the federal government. when it does that, resources artificially, to where the government is. then that some goes up. not for economic reasons, but for political reasons. people lose fortunes. dagen: the fha makes 3.5% down with fairly low credit course. the banks will not make the loans. >> the use of a dollar that a bank has is one that will bring the bank the most return. though most return on that dollar will come from lending it to the most credit worthy

borrower. do not worry if he or she has a job. we will pay the debt. dagen: we own fannie and freddie. enjoy. connell: we all of these markets in one way shape or form. dagen: we already own these puppies. we bailed them out. we just be another bubble. who wants that? it could end up being a bubble. you have cash money buyers from overseas buying a lot of these properties. the american homebuyer is being squeezed out in the market now. >> this argument would be a relevant -- this argument would

be irrelevant then. connell: judge, thank you. dagen: thank you so much. >> it is always a pleasurr. dagen: stocks now. nicole petallides. nicole: a lot of movers to take a look at. including caterpillar. it is down about 1% at the moment. some concerns about how many orders they actually have. tesla motors is up about 8% this week. doing well with the model. we are watching google. also, facebook. facebook and some positive comments today.

the recent weakness we have been seeing, that is a buying opportunity. apple, when i think of apple i think of obviously the apple watch: new refreshed iphone, the cheaper iphone coming out this morning. they talked about the tv product launch. that is something they are certainly waiting for. in the 3:00 p.m. show, tesla motors chairman and cofounder elon musk will be talking with liz claman. dagen: thank you. dagen: chinese officials calling for greater public awareness after this newest strain of the bird flu. dagen: let's look at some individual winners on the nasdaq. ♪

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♪ dagen: another person in china has died from a new strain of bird flu. doctor william schaffner joining us now. we better prepared to identify and prevent the spread of these strains of the flu. >> that is the reassuring thing. we certainly are much better prepared than what we were ten years ago. we are looking much more aggressively for these kinds of

infections. we are ending more things because we are looking harder and more intensely. dagen: what do we know about this strains of the bird flu versus the 110 years ago? >> this is a new bird flu strain. a bit of conjunct dividers, a kind of cold syndrome. not very serious infections. we are watching this one to make sure it does not get into mammals and then into people. dagen: how confident are you? >> you remember, during the time of sars, about ten years ago,

they were very secretive. now, as soon as these infections have occurred, they have opened things up. they are communicating. we have made a lot of progress. dagen: what should we worry about or or should we worry? >> there are some of us, the public health people, we are the ones that should worry about it. we are keeping our eye on it. it is nowhere near a problem for the average person at the present time. our surveillance is very intense. dagen: doctor, it was very good to see you. you keep telling us to get flu shots because that is much more deadly in this country. thank you. pew. >> used to.

good to be with you. connell: justin bieber is shaking things up in norway, of all places. five schools are canceling their midterms so they can attend concerts. schools are worried that the students will skip the midterms if they do not cancel them. the "wall street journal" says justin bieber's 2012 concert is believed to be one of the biggest musical performances in the recent history. dagen: you have things in common with bieber. the hair, maybe. can you sing? well, he can't either. what difference does it make?

come on. dangerously close. [ laughter ] connell: must be out of time. dagen: yes, we are. you must be in it to win it. investors have missed out on this whole market. cheryl and dennis are just ahead. connell: we have a fight ruing over a tax on beer. dennis and cheryl will have that also. stay with us. ♪

connell: a great number on jobs, we've covered that, justin bieber, norway, and everything

else in between, i guess, and it's dennis and cheryl's turn for that. dagen: that's right. what was that about? connell: she swung at me. cheryl: i felt sorry for the 12-year-old girls going to bieber concerts, and in ten years they will be embarrassed they were fans. dagen: i have my duran duran memorabilia, and i'm not ashamed. connell: ten years he'll still be rocking. cheryl: i'm cheryl casone. down on jobs, just talking about it, the dow is lower after a disappointing adp jobs report and weak ism number. coming up, we have a bull who says there are still plenty of opportunities for market players. dennis: new research shows most 401(k) # investors missed out on the bull market, and our guests ahead says retirement investors turn from stocks, and they shouldn't. cheryl: a fight brewing over a

tax on beer. talking with a congressman who wants small craft brewers to get a tax break, and bigger companies don't like that idea. dennis: stocks every 15 minutes. nicole, you can't have a record high every day. >> no, you really can't, and there's certain people who certainly also give a little cautionary tope to the records we've seen. all for the bulls who want record after record, but many look closely at the tactical market, like the russ of 2,000; right? when i talk with the execution partners, he noted that. it's odd to see the s&p making new highs, well, at the same time, seeing the russell at three week lows. that's what we saw yesterday. you're not sighing -- seeing all stocks celebrating the move together. the dow down one-third of 1%. the financials are leading the way. bank of america and jpmorgan lower, and also add in johnson

and johnson & johnson, and the adp report this morning, a little bit weaker, and we're waiting for friday's monthly job report which will be key. back to you. cheryl: this is a big week for jobs data, absolutely, nicole, thank you very much. it could be market moving just talking about it. the adp month le jobs report did show companies were hiring at the fullest pace in five months. the private sector added just 158,000 jobs in march. that did fall short of expectations for a 200,000 pop in hiring. joe hider, financial managing principle joins me now. i first want to talk about the adp report today, a big disappointment. does it foresee that the markets have a rough week to continue to get the data that's disappointing? >> good morning, cheryl. if it continues to be disappointing, i think it will -- it will be a rough week for stocks, but we're not seeing a huge downturn today, and any time you have highs that we've seen over the last couple weeks,

this is an opportunity for people to take some profits off the table, so i don't -- i don't see it as a foreboding of something hobble in the stock market. >> adp, ism as well. i want to ask about the employment component within ism because that was also fairly weak, the weakest read had there since the month of november, and what this could prelude to is the last three years of the mask, great beginning to the year from 2010, 2011, 2012, and then, boom, what do you know, a day like this, and you get a pull back in the second quarter. are you concerned? >> well, certainly, i'm concerned. the difficulty in attempting to tieing the market, though, they all pulled back in the second quarter, but when they rebounded was very different and each of those years, so you need to time is when it get out and back in, i think, is very, very difficult, and you got to guess right twice so we think it's better to stay in the market.

we think overall, by the end of the year, if investors do that, they'll be happy with the equity results. cheryl: i hope so. the last three years, frustrating, despite the new highs. something else here, talk about overall what we see in the markets in a general sense because what we see at this point is decent housing numbers coming out. you got real estate market looking strong right now, and that's. helping the financials, more banks loan to more mortgage borrowers. do you see opportunity there? >> i do, we think that the housing recovery is just at its infancy. it led us into this disaster. it's the slowest coming out. we see real opportunities in construction sector, home building, and we think that that's going to be strong for the next several years. cheryl: okay. but you think interest rates could go up a little bit by the end of the year; correct, joe? >> we do. that's part of being bullish on

the equity markets as well as this slow, steady plotting recovery that we've seen since 2008. eventually, interest rates have to go up, reflecting demand for borrowing and expanding economy. cheryl: yeah, i think you would be on assumption too that the durable goods numbers have been positive as well. there's another opportunity that you have for the viewers, and, you're, again, the fifth person in the last two weeks to come on the show and say, look overseas, look into emerging markets, but you say that international emerging markets are really the place to go, but large cap, large cap scales. they are the best rivals to u.s. multinationals, why? >> well, we look at international, as a dual play, really, large cap international, part of it is the yields are a full hundred basis points higher than they are on domestic large caps, and we think there's an opportunity there. we think that with all of the

problems that have captured the headlines in irani, and as they -- europe, and as they solve the one by one, the lower evaluations in europe have opportunity. we think emerging markets, generally smaller cap companies by definition, represent some real opportunity based on the growth at the markets. >> yeah, if you compare aefe, the emerging markets against the s&p, i mean, that's -- that tells a story there, that's where a lot of money have been made recently. joe, great to have you on the show. >> thanks, cheryl, take care. dennis: be in it to win it, but new research shows scared cat investors missed out on the bull market runs because they got out ever stocks in the long term retirement accounts. we're joined by katherine mcgreen with new research. your research shows right now our average retirement account, just 36% of it is in stocks despite the fact that stocks prices have more than doubled

since the 2009 low. this is a bad thing? >> it probably is for the investors because if you think about it, they have not been able to recover like they needed to. additionally, you know, people don't feel they have enough money saved for retirement. the fact they missed out was a problem, but arguably, i also say these are retirement funds. people want to look out for the long term, and they don't want to lose more than they have lost. dennis: yeah, and it would have been a really bad idea for me to sell out of retirement stocks and accounts in 2009 because i have 20 years until retirement to make it back up. why did they move out? >> too much fear, too much volatility. the information, you'll see that in, like, 2009, about 40% of the assets were moved into stable value funds or, you know, money market funds, and, today, they are still at 28% of the overall account. dennis: earning nothing while stocks continue to climb. the 36% in stocks, you know, i love that old rule that i've

followed, you know, the percentage of the retirement, 110 minus your age. that's as if we're all 74 years old. what do you want the 36% number to be instead? >> well, i think right now, higher, especially for the people -- research shows people that are between the ages of 55-64, just over a third think they have enough to retire upon. when the market's stable, maybe they should look at higher allocations than in the past. it's still the retirement account. they don't want to lose it either. it's a delicate balance for the people. >> our fear of loss is -- we're missing out on the upside, and the general market outside retirement accounts, there's the fear of missing on the upside drives stocks higher. in 2006, 40% against 36% in stocks, and 19% of in company stock, down to 13% now. i thought a bad idea to put more of my risk into the company when

the company is in the paycheck. what do you say? >> depends upon your feeling about the company. we've seen since the enron disaster last decade, people withdraw from the company stock to begin with, and company stock is more volatile. if you work for a stable company that's doing great, great for you, invest in the company stock, but i don't -- dennis: eggs in the same exact old basket. if i'm under accruing in stocks and want the 401(k) up there, move money all at once or make a change and do it garagely and add it up? >> people gradually change. that might be the best way for people to do it, especially with the retirement plans. you know, you don't want to, like, move it too fast and see the market crash again. there's a fear by investors when we do research that another crash could happen. dennis: on the other hand, imagine a march 2009, the dough at 6800, you decided to take a bunch of money out of cash or bonds and through it into stocks, but that would be wrong. not doing it that way,

gradually. >> gradually works for most. dennis: great job, thanks for being with us. appreciate it. >> thank. cheryl: obama administration pushing lenders to make it easier for people with weak credit to get home loans. peter barnes is in washington with a new controversy from washington. peter? >> hey, cheryl, that's right. sources confirm the obama administration launched a broad push to get mortgages to people with weaker credit records to help them and housing market as interest rates are at record lows. critics worry it's reviving the risky lending practices that created the financial crisis, but the administration, according to the sources, is working with banks, and the federal housing administration, the justice department, and other agencies to help people who want to buy a home, and they may is a lower credit score right now, but they might be able to make a mortgage payment, and they can't qualify because banks are still being very cautious and tight with their

lending standards. >> it's very important for lenders to underwrite carefully and make sure that a person can afford the loan across the entire term of the loan. this effort does nothing to change that. all it does is loosen the credit a little bit to get it to more people who can afford a loan. >> unless we understand what caused the 2008 financial crisis, we're going to make the same mistake again, and we are going to have some time in the future, the kind of break downs that we had in 2008. >> consumer advocate, julia gordon, says the administration is just trying to get banks to look at other compensating factors in making loan decisions, not look just at a person's credit score, which might be low, but, also, at a home buyers' ability to pay now or if they bring in additional savings to the table at a

closing, and put more equity into a home, for example. she estimates that these kind of changes would help hundreds of thousands of more families buy a home. cheryl, dennis. cheryl: the critic said it could be another bailout, if, indeed, the borrowers, again, default on mortgages. >> yeah, and peter pointed it out that the credit score is a very good indicator of whether or not a person will default, and if it person has a low credit score, it's for a reason. cheryl: people, you know, declaring bankruptcy and going out and buying more homes, great. peter barnes, thank you very much. good story, peter, thank you. >> okay, thanks. cheryl: for more, keep it here on fox business. lori and melissa dig in with lou dobbs, can't wait to see what he has to say about this one at 1 p.m. eastern time. dennis: eyes may have it, new tools to prevent the cyber threat from hitting you. the future of iris scan

technology. cheryl: sacramento california tries to keep the kings from dribbling out of town. details coming up in the "west coast minute." dennis: your television viewing habits determined by whether you have a college degree. that's in "media minute". cheryl: oil contract, up from 96 yesterday, and up again today. we'll be right back. my mantra? trust your instincts toake the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18

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industrial average, bank of america, jpmorgan, and the whole group to the downside. for example, citigroup down 2%, wells fargo down fractionally, and margan stanley down 2.5%. they are reliant on mortgages and such, and the mortgage banker's association weaker activity than seen recently, leading to a 4% decline in home loan applications last week in the financial crisis that brought it all to fruition, but, obviously, it's a big part of the business. in the headlines, cypress is going to extend capital controls for another week according to sources. of course, the capital controls in place to avoid a run on banks and keep it steady. in the meantime, cypress got news today that they are getting some money from the international monetary funneled of one billion euroowes, $1.28 billion, to help with bailouts. baa #-bg -- back to you. cheryl: nicole, thank you very much. dennis: charles payne looks at

chemicals and moe say yak. >> every year, 75 million more people on the planet with one thing in common, they like to eat, okay? new trentons play a big role in that. the problem, obviously, over the last couple year is the economy. it's fading. the guys reported for the february quarter, a lot of things stood out, the growth markets significantly higher. capacity, capacity was interesting. for phosphates, significantly higher than what the company guide previously. i think that's phenomenal. brazil, huge demand, india back online last year. last year, a source for them cutting subsidies, u.s. markets strong. i like it a lot. it's a name wall street hated, but open to buy it last month, and i think the others will come around. it's a stock that traditional evaluation metrics you can argue whether it's cheaper, but it's been down for a long time. dennis: twin peaks, up down, up, and back down again. >> you know what?

a part of it is it's an area with a hot trade every now and them, and once it's going, it's a classic momentum stock. unfortunately, they are on the way up and on the way down, the dust settled, no longer seen by the momentum crowd as a stock, but it gets hot quickly. another quarter after the february quarter is key. cheryl: another play on the emerging food market, actually, been a bevy of steady returns over the last three years. >> will be absolutely huge, and, you know, this is a play. i like the idea that brazil, interesting thing, china's the largest market for this stuff right now, but it's not their largest market. they were not hit hard by it, whereas brazil is the second largest america, and it's helping the company a lot. dennis: good point, china offset. thank you very much, charles payne. >> see you later. dennis: good stuff. cheryl: not charles, but this guy, he is out. rutgers fires its basketball coach after disturbing practice

video hits sports television and the web. the stories coming up in the fox news minute. dennis: these guys never met my father. the u.s. energy boom seems to be going bust for workers at a midwest manufacturer of oil extracting equipment. jeff flock is on the scene. >> dennis, at least it is plateauing here. you see the tower built in a company in wisconsin, has the big driver of job growth coming to an end? i will ask the father and son team that run the company made in america right here on the fox business network. stay tuned. ♪ welcome to the new new york state.

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>> 23 minutes past the hour, i'm patty anne brown with the fox news minute. governor christie supports rutger university's decision to firemen's basketball coach, mike rice, this, after a video surfaced showing rice verbally and physically abusing the players. christie said, quote, the way the young players were treated by the head coach is completely

up acceptable. mill at that particular times exchanged rocket fire with israel in the gaza strip this morning, the first israeli retaliation since the cease fire. no injuries reported. israel's military spokesman says they will not accept fire from ma mas -- hamas ruled territory. they barred workers from going into a jointly run factory, and the defense secretary calls north korea's nuclear ambition a growing threat. that's the fox news minute. depp nighs, back to you. dennis: thank you. the boom in energy jobs is abating in a midwest manufacturer l oil extraction equipment. jeff flock is weld auld manufacturing in wisconsin, justify? >> great american company. this is what you see only on fox business network, up close and perm with the adp jobs number, a big electrical room part of the piece of mining equipment.

put up the adp job numbers. this month, disappointing. the numbers, you see a real fall off in jobs, kind of december appointing, but not as surprising to the balls. you found this company, you saw it coming a little bit with the falloff in jobs. >> started tapering off probably three or four months ago, and we dropped from 273 down to 250-ish now. >> right behind us here, what is this? >> a blast drill mass that goes in a mining operation. >> copper, iron ore, that of thing? >> correct. >> if you look up close and perm with the adp numbers, where are jobs created and not? construction jobs, virtually nothing in the last month, manufacturing about 6,000 jobs, financial jobs about 9,000 jobs. are you worried about where we

head with the economy? >> a little bit. we have three contracts with mining people, with our generation transformers -- >> but as you go forward, what you have not signed already. >> that's a mystery. that's, you know, a job shop. we have a little bit of control, but not as much as if you had your own product. >> before we get away, gentlemen, walking with me, if you would. by the way, what's this? this is massive equipment, all around the world, this helps exports. >> right. this is a nuclear cast transporter that goes to a nuclear power plant. >> the other chilling problem with some of your stuff is it's a lot coal related, and you're getting increased regulation op coal, and that sort of thing, having a chilling effect on the coal industry. >> correct. the mining equipment people are reeling a bit on the underground side, but the other mining, the iron ore and copper seems to be steady at this time.

>> okay. gentlemen, we'll be back with you next hour, and we'll also be joining these gentlemen with the new conference room segment. that's a special segment that comes up on the web. i encourage you to check it out. the first segment is up already, a take away from businesses of this size, medium and large sized businesses. we spend time with them op the fox business network, and this is information they can take from what we find out here in the field. dennis: thanks very much, jeff flock. cheryl: good stuff. well, a fight is brewing over a tax on beer. we're going to talk to the author of a house bill giving small craft brewers a big tax break. dennis: the big guys raising ail over that. look at iris scan technology in effort to fight off the cyber threat. cheryl: as we break, though, dow is down, s&p not much better, but a few names are trading higher like merck, general

dynamics, western digital. we'll be right back. ♪

>> countering the cyber threat. a look at iris scan technology. huge anniversary for the cell phone. coming up, you will not believe how long the cell phone has been around. stocks now and every 15 minutes. nicole: i am taking a close look at netflix.

that is because netflix has been a stellar performer this year. it is pulling back some today. we are looking at it today because of a couple of reasons. you had karl icahn showing investments. you heard deals with disney. we heard microsoft may be interested in netflix. why should microsoft consider buying netflix? with that sentiment, you are seeing it go back a little bit. back to you. cheryl: thank you very much. see you soon. ♪ dennis: the cyber threat in the palm of your hand. >> i can turn on the microphone because the calendar says you have a board meeting in five

minutes. do not just think your device is merely some application that allows you to connect with friends and work. dennis: the threat of pack attacks to your mobile device. it could turn physical smart phone security technology on its head. jim demetrius joins us now. this is iris scanning. >> recognition has to do with creating a quality image. if you are permitted in the database, it will provide you access whether to use your phone, open a bank account, access social media, it just does away with pens.

dennis: is my iris as unique as a fingerprint? >> twins are different. every person has 240 unique characteristics. dennis: those characteristics in my iris are unchanging? >> they start in the womb and they stay with you your entire life. dennis: where is your tech knowledge he installed? >> over 1000. you are doing it at major universities and all the major corporate enterprises. people are starting to beta test and explore this technology. dennis: the real frontier here is cell phones. you are in talks with some

unnamed major brands. >> absolutely. it adds a level of security that does not exist today. we are fully engaged in that. we think you will see it in cell phones, laptops, tablets next year. dennis: apple ought to be talking to you guys, if they are not. it would be wrong for you to comment on that, unless you want to. >> apple has made a big move on biometrics. fingerprints is great. it is good for 121 match. you can turn on your phone, but if you want to do e-commerce transaction against the database of other dennis dennis kneale,

it will not work. the average person is dealing with 25-30 passwords. you can use your own biometrics. dennis: no one has told you that it is a little creepy? >> this is an opt in strategy. dennis: great job. thank you very much, jim demetrius. we will watch for it. warner bros. taking on netflix. cheryl: peer awards. we have a congressman on next. let's take a look at the ten

year treasury. we will be right back. ♪

♪ >> here is your fox business brief. stocks modestly lower. the dow is down 62 points. korean automakers were calling or than 1.8 million vehicles in

the united states over electronic issues. they are being recalled to replace a switch that could increase the risk of a crash. your job make you happy? real estate agents ranked number one as being the happiest in their jobs. on the flipside, teachers, nurses and attorneys were among the unhappiest in their jobs. liz claman talks with teflon cofounder, elon musk. that is the latest from the fox business network. giving you the power to prosper. ♪

♪ cheryl: there could be tax pain brewing for beer makers. congressman sponsor of the small

brew at joining me now from philadelphia. thank you for being here. you have quite a fight on your hands. you want to give a break to the smaller craft brewers. the big industry players are fighting you. are you ready for this fight on capitol hill? >> it is unfortunate. they have been neutral on this legislation for a number of years. now, all of a sudden, they oppose it. we arr trying to help those smaller or worse. we want to give them some ability to hold onto their dollars so they can put it right back into their operations. cheryl: anybody that makes 6 billion barrels or less will

get the tax reduced. you are saying job creation. this would only cost the federal government $3300. we should do this all together. that is the argument against you. how do you respond to that? >> we would love to see taxes lowered for everyone in the united states. when they combine all of their total production, they only make up about 6% the other big brewers are 94% of the market.

we think they are in a deposition. they can directly take that money and put it right back into that child got right back into that operation. not take it to another state or another country. cheryl: this is but and wars. they are each worth more than $100. >> sam adams produces a little over 2 million barrels a year. they produce over 100 million barrels a year. quite a difference in production. quite a difference in market share. the smaller ones put that money right back into their employees.

that helps the local community. it does not go off to their headquarters. cheryl: you have to come back on the show and update us. thank you. >> thank you. dennis: in today's media minute, it is unofficial jimmy fallon will succeed jay leno after he finishes his last year in the spring of 2014. fallon jumps up an hour. jimmy kimmel is making gains. finding the most sql. finding dori. it won an oscar. what took you so long?

the director who had a 100 million dollar flop for disney. watch out netflix. time warners warner bros. launching its own streaming video subscription service. launching mainly old stuff for now. they will expand into newer films later, though. the less educated you are, the less time you spend watching tv. cheryl. space all right. quarter till the top of the hour. stocks now and every 15 minutes. nicole: taking a look at a name that is hitting a new annual high and a new annual low. we will start out with game

stop. this is good news for game stop. going forward, despite the revenue being down, they have a strong game line. an xbox launch is expected as well. hot on game stop and a good outlook for them. bank of america, merrill lynch talking about falling prices supporting its below consensus deal. obviously, with this type of outlook, not good news. that is one of the s&p 500 components i was just taking a look at. back to you. cheryl: thank you. dennis: coming close to the all-time highs. let's head to the trading pits

at the cme. >> i saw one number that is at the highest level in 82 years. that is what the dow jones is saying today. it is historic. take a look at crude oil. we are down over two dollars a barrel. what this means for gasoline prices is ecstatic. we are seeing rbob gasoline prices low three dollars a gallon for the first time since february. down about nine cents. $0.9.03 alan. part of the reason gasoline prices are down so much right now is because of the huge print supply, but also refinery runs. we are ahead for the summer driving season. great news.

dennis: tank you very much. cheryl: estimated at $1.5 billion. if the sale happens, the biofuel business would be left. it has ended only a billion in renewables sent 2005. down over 5% a year over year. take a look at the stock right now. 41.91. it is down $0.23. were one of the largest wind power supporters in this country. dennis: it is less than what our federal permit is giving guaranteed loans to. when they decide to pull out a

wind energy, that is disturbing. facebook. cheryl: keeping the kings in sacramento california. we will tell you about the latest push by the city. that is coming up in the west coast minute. i want to take a look at some of the winners over on the nasdaq. ♪ welcome the new new york state. what's the "new" in the new new york? a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever.

lower taxes, new incentives, new jobs, now that's news. to grow or start your buness in the new new york visit thenewny.com

cheryl: time for your west coast minute.

a seattle hedge fund manager that wants to build the seattle kings says they are ready. hansen is 44,000 season tickets are on request if the nba approves the move. kevin johnson is in new york today. he is trying to convince the nbi that it is a bad idea. more than 6 miles of wire from a utah highway. it will cost the state about 60,000 to replace all of it. copper prices have been on the rise. it makes it very attractive. dave jones has enlisted help in his battle over rate hikes and small businesses. signing up for a one-year contract with the group. the group's first report accused anthem blue cross of

overcharging. dennis: twitter feeds may soon be the home of marion valuable information. investors better listen up. shibani joshi has the story. shibani: the sec is embracing social media. here is what they decided overnight about the whole use of platforms like facebook and twitter. it is completely suitable unless the access is restricted or investors don't know that where they need to turn to get the latest news. since december, the sec has been reviewing the whole concept of

how executives and companies use these platforms. overall, analysts are pretty happy about this news. regulation needs to be applied to social media which is what we thought all along. other channels of disseminating information need to be looked at. the practice of disclosing stuff to overseas blogs and media outlets in african and western european markets, which are efforts to craft stock moves in our view, will also be reviewed. it is required without regard to global location. this is about getting information no matter where you sit around the globe. this is not just about social media. dennis: thank you very much, shibani joshi.

cheryl: the obama administration pushing lenders to make it easier for people with weaker credit to obtain home loans. dennis: america a wash in crude oil. domestic production rises. melissa and lori are next. ♪

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